Boris Johnson announced affordable home funding on Belvedere visit

PUBLISHED: 08:00 23 July 2013

Boris Johnson visited Belvedere Park and one of his First Steps programmes

Boris Johnson visited Belvedere Park and one of his First Steps programmes


London Mayor Boris Johnson visited Belvedere to meet one of the first families to benefit from his scheme to get more Londoners into low cost home ownership.

He announced details of a £138 million fund to deliver thousands of affordable homes in the capital, as demand continues to soar.

Mr Johnson, who visited Damien Fichardo’s family in Norman Road yesterday (July 22), said: “London needs secure, reliable funding now to build the homes of tomorrow.

“However our funding stream is full of stops and starts making it challenging to plan ahead and get on with delivering the thousands of homes we need every year after that to accommodate London’s growing population.

“With fair and continuous funding from the government, based on the vast sums raised through stamp duty on London’s higher value homes, we can meet this need - at no cost to the Treasury - and go on to maintain London’s position as the greatest city on earth.”

The Mayor claims the scheme will help 50,000 Londoners buy a home by 2016.

Homeowner Mr Fichardo said: “It’s every parent’s dream to secure a better future for their children. In the past I felt as if I was pouring money down the drain when I was in rented accommodation. I tried to get on the property ladder but didn’t have a big enough deposit.

“Thanks to this scheme I now own a wonderful apartment here in Bexley. We live close to my daughters school and near the train station and with Crossrail in Abbey Wood on the horizon will be even better connected to London.”

If you value what this story gives you, please consider supporting the Bexley Times. Click the link in the orange box above for details.

Become a supporter

This newspaper has been a central part of community life for many years. Our industry faces testing times, which is why we're asking for your support. Every contribution will help us continue to produce local journalism that makes a measurable difference to our community.

Latest from the Bexley Times